United States: Supreme Court Declines To Review 2nd Circuit Decision That Syndicated Term Loans Are Not Securities - Akin Gump Strauss Hauer & Feld LLP

On February 20, 2024, the U.S. Supreme Court declined to hear an appeal brought by the trustee of the Millennium Lender Claim Trust challenging the U.S. Court of Appeals for the 2nd Circuit's August 2023 decision.